S&P 500 Monthly: Sept., a potentially very important month-end?

The S&P 500 is currently in position to register a key outside reversal bar down on the close this month.
- A close below 3284.53 (August low) will register the key reversal down on Wednesday, September 30th. The last one
of import occurred on the February close, the month in which the previous high was registered.
- A close below 3500.31 (August close) will register a somewhat less significant but still potentially important
reversal bar down.

---------------------------------------------------------------------------------------------------------------

We were stopped out of our 1st 50% short/hedge position from an average entry of 3210.68 for an effective
0.65% loss/give-back.

We were stopped out of our 2nd 50% short/hedge position from an average entry of 2161.66 for an effective 0.29%
loss, bringing our total loss/give-back on our short/hedge positions taken to date to ~ 1.30%.

We were stopped out of our 3rd 50% short/hedge position from 3384.37 for an effective 0.70% loss, bringing our
total losses/give-back to ~ 2.0%.

We were stopped out of our 4th 50% short/hedge position from 3527.36 for an effective 1.52% loss, bringing our
total losses/give-back to ~ 3.52%.